Store Credit Cards

I know that when you are looking for ways to start your credit score off you are tempted to apply for one of the store credit cards. There are good reasons to get a store credit card

• They give you a discount
• They are relatively easy to get
• It is nice to be able to buy things at your favorite store whenever you want

But what about the huge interest rate they charge. I just watched a great video explaining this whole process in 60 seconds

http://www.thestreet.com/story/11381248/1/avoid-applying-for-store-credit-cards.html

The one thing they do not mention is the will power problem. Even if you really do intend to just get the discount and then never use the card again it is so easy to just drop into the store next month and use the card again “just this once” . If you know you do not have the will power to never use the card you must stay away from them at all costs.

Store credit cards are great as long as you do not use them beyond what you can afford to pay off straight away. Most stores will send out discounts and special invites to their card owners. There is no reason why you can not use these discounts, along with your card for more discounts usually, and then just pay it off as soon as the bill comes in or before if you feel the need.

Credit is not something to be messed with, when you ask about how to get credit you must be sure that you can pay the money you borrow back.